Now you will not get this cheap monthly subscription of Amazon High, this is the reason …

Amazon will no longer provide the monthly Prime Membership in India. After the new decision, the e-commerce company is now giving prime membership of only three months and up to one year. Let me tell you, the initial price of Amazon High Subscription was Rs 129 per month, but now this initial pack has been closed after the new order of the Reserve Bank of India (RBI). It is worth noting that in its new guideline of RBI, ordered to implement alternative issue of Authentication (AFA) for the process of recovering online transport to banks and financial institutions. The deadline to implement this new order is 30 September.

Amazon has also updated its support page, which does not have a monthly subscription to Amazon High. Additionally, from 27 April, Amazon has also temporarily closed the New Member Sign-up for Amazon Prime Free Trial. At the moment, if a user would like to buy Amazon Prime Membership or renew, he will have the option to take only three months or annual subscription. Let me tell you, the three -month subscription of Amazon Prime is priced at Rs 329, while your annual subscription is received for Rs 999.

Significantly, this new framework of RBI was announced in August 2019, but later this deadline for banks and financial institutions was extended till September 30 this year. Expanding the deadline, it was said that this Faisal customers have not been taken in mind that there is no inconvenience.

Initially, RBI had released the outline to deploy AFA for recurring transactions up to Rs 2 thousand in 2019. However, by December last year, the rule was extended to the limit of Rs 5,000 per transaction. One-time password (OTP) will be required on transjections above this cut-off.